September 24, 2019 Comments (0) Current Investigations, Securities Fraud

Michael J. Rappa Broker Investigation

Michael J. Rappa Broker Investigation, featured by top securities fraud attorneys, The White Law Group

Financial Advisor Michael J. Rappa, Foresters Equity Services in San Diego, CA

Are you concerned about investments you made with Michael J. Rappa in San Diego, CA? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to public disclosures on FINRA’s website, Michael J. Rappa was reportedly barred from the securities industry after allegations were made that he engaged in undisclosed and unapproved private securities transactions.

FINRA’s findings stated that Rappa allegedly solicited investors to purchase promissory notes relating to the Woodbridge Group of Companies, a purported real estate investment fund.

Rappa reportedly “sold $2,731,287 in Woodbridge notes to 21 investors, six of whom were firm customers.  He received a total of $109,939 in commissions in connection with these transactions,” according to a Letter of Acceptance, Waiver & Consent.

Later Woodbridge reportedly filed a voluntary Chapter 11 bankruptcy petition.

According to his FINRA BrokerCheck report, Rappa was reportedly affiliated with Foresters Equity Services in San Diego, CA from Sept. 2010 until July 2017.

He purportedly has 2 pending customer complaints reported on his broker record in 2018. Allegations include unsuitable private securities transactions.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Rappa’s former employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including California. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you have suffered losses investing with Michael J. Rappa, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.

For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.

 

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